This announcement should not have been released - it seems desperate. So Area 51 now has a resource at a horrible 0.71 gt which is so low it will never get mined. It’s based on a tiny number of drill holes with the best result being sub 1 gt at 140m to 160m below surface. That would not work even if the grade was 10 times better. So what’s the point of the announcement ??? To say we have a bigger resource that no one can do anything with. Susss
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- Ann: New Area 51 Resource Lifts Tunkillia to 1.5 Million oz Gold
Ann: New Area 51 Resource Lifts Tunkillia to 1.5 Million oz Gold, page-8
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